Published in an extensive and sometimes outrageous blog post today, IOTA founder David Sønstebø wants to “allay any concerns” about his state of mind, assure the community that the “IF [IOTA Foundation] is not broke ‘, referring to future plans for the ecosystem being hatched in collaboration with’ investors, individual DLT project leaders, community developers and others’.
As Cointelegraph previously reported, the IOTA Foundation board revealed in a December 11 announcement that Sønstebø was Removed from the organization after a “unanimous” board vote. Sønstebø has been co-chair of the Foundation since 2017.
Sønstebø’s blog post tries to resolve any ambiguities about IOTA’s announcement, which he called “ clumsy, panicky and downright unprofessional, ” leaving plenty of room for rampant speculation. However, his own mail may raise more questions than answers.
The founder makes it clear that he believes the split between him and the IOTA Foundation was not the result of “a conflict between my interests and those of the organization,” and considers such characterization to be “blatantly false, questionably motivated, and defamatory. representation of my person. ”
Nevertheless, later in the post he describes a few disagreements that “[provided] a fertile environment for the drama of the past to continue, ” including a case where his internal campaign for the Foundation to appoint a CEO was overturned by the board of the IOTA Foundation, as well as disagreements over the ownership of several future IOTA ecosystem projects, including profitable commission management in IOTA Smart Contracts, Oracle-as-a-Service and Decentralized-Infrastructure as a Service. “
Sønstebø said the board panicked over its negligence with the IF’s finances and then stepped in to claim these projects to ensure “” an “ever-expanding” runway at the expense of the ecosystem. of IOTA is actually growing. Sønstebø says he “refused” the board to take ownership of these projects and their potential future revenue streams, implying that this disagreement is the reason behind the divorce.
“There you have it; my“ divergent interests, ”” he said.
Sønstebø then went on to speak to several board members in person, asking someone to stop calling himself a co-founder, to dress up another because he was’ begging ‘for tokens and not attending meetings, and to invite someone to’ wine to drink and play chess always. “
“There will be more details about my plans for IOTA early next year. Do not worry. I will continue to work on IOTA with Foundation members, community members and external partners, ”he concluded. “This is not the period at the end of the last sentence of the last chapter; it’s just a comma. “